What is the primary difference between the Production Order Quantity Model and the basic Economic Order Quantity $($EOQ$)$ model?

Question $40$ options:

The Production Order Quantity Model allows for simultaneous production and consumption of inventory, while the basic EOQ model does not.

The basic EOQ model considers multiple discount levels, while the Production Order Quantity Model does not.

The Production Order Quantity Model uses a higher holding cost than the basic EOQ model.

The Production Order Quantity Model assumes instantaneous receipt of inventory, while the basic EOQ model does not.

The basic EOQ model is only applicable in manufacturing settings, while the Production Order Quantity Model is applicable in all settings